Discuss OronD's answer to: The 80/20 rule of time management

I have heard this phrase before "The 80/20 rule states that 80% of outputs are the result of 20% of inputs" but I could not grasp it entirely. My problem is, how do I determine the 20% input that ...

OronD
OronD Answered:

The Italian economist Vilfredo Parreto was the first to realize that in most cases the world is not linear.  20% of all criminals create 80% of all the problems.  20% of your products bring 80% of your profit.   20% of your investments bring you 80% of the profit.   20% of one efforts provide 80% of one results. 
I hope it is clear by now.  Next step is to be smart and sensetive and find out what are those 20% of your input that provide you with 80% of your business output.  No one is able to do it wiithout knowing the details.  You'll have to do it by yourself (or hire someone who ill do it for you).   I can do it for you !. 

P.S - Vilfredo Pareto lived 1848 - 1923.  He was a very smart man !.  His footprints are in many fields up till today (e.g:  A Pareto analysis).  Google and I am sure you'll find much more.  I have several books about him.

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moonbeam
moonbeam Thinks this answer is Helpful:

I think that would take a lot of statistical analysis to find out. I have to keep tab of every sale to be able to identify the 20% that gives me the 80%, right?
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